HomeMy WebLinkAbout1996-119-10/01/1996-AFFORDABLE HOUSING PROJECT CARE HOUSING EAGLE TREE PROJECT FUNDING HOME PROGRAM RESOLUTION 96-119
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING FUNDING FOR AN AFFORDABLE
HOUSING PROJECT THROUGH THE HOME PROGRAM
OF THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
WHEREAS, in May, 1994, the City received designation as a participating jurisdiction in the
HOME Program of the Department of Housing and Urban Development (HUD); and
WHEREAS, the purpose of the HOME Program is to expand the supply of decent, safe,
sanitary and affordable housing in the City and to strengthen the ability of the City to provide
housing as well as to expand the capacity of non-profit community-based housing development
organizations to provide such housing; and
WHEREAS, the City has received a request for HOME Program funding in the amount of
One Hundred Twenty-five Thousand Dollars ($125,000) for the "CARE Housing, Inc." Project
known as the Eagle Tree Project, which request has been reviewed by Staff and recommended to the
Council by the City's Community Development Block Grant Commission; and
WHEREAS, final Planned Unit Development approval for the Eagle Tree Project was
received in September, 1996; and
WHEREAS, the Council has determined that it is in the best interest of the City that the
Eagle Tree Project be approved for the requested funding through the HUD HOME Program.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that the CARE Housing, Inc. Project known as the Eagle Tree Project, which will
construct thirty-six (36) affordable housing units, is hereby approved for grant funding through the
HOME Program of the Department of Housing and Urban Development in the amount of One
Hundred Twenty-five Thousand Dollars ($125,000), to consist of One Hundred Thousand Dollars
($100,000) of regular construction funding and Twenty-five Thousand Dollars ($25,000) of
community housing development organization set-aside funds for construction and construction
management.
Passed and adopted at a regular meeting of the Council of ity of Fort C held this
1 st day of October, A.D. 1996.
Mayor
ATTEST:
City Clerk